India, May 14 -- A man posing as a charted accounted (CA) was booked on Monday for cheating for allegedly cheating a 40-year-old Lalbaug resident with a lucrative investment opportunity requiring him to purchase 11 cars. The victim was cheated to the tune of Rs.2.4 crore in the fraud that took place from August 2023 to February 2024.

The complainant, Suhas Mestri, works in a public charitable trust in Colaba. He was looking for a stable investment opportunity in 2023 when his friend, Harshal Gangurde, introduced him to the accused, Rahul Shah, who claimed to be a CA.

Shah suggested that Mestri buy cars and rent them out to various diplomats and leaders visiting the city from New Delhi. These visitors stayed in hotels that he claimed to ...